Another crazy weather day here. Rain, hail, and then sun followed by thunderstorms and more rain. It's like living in southern Florida here in Massachusetts! I blame global warming of course! Then I heard that Russia was invading Georgia and I thought that film "Red Dawn" was coming true! Turns out it is a former Russian republic. Right at the Olympics start huh Putin? New Russia, same as the old Russia.
In addition to the multitude of new Star Wars books out this summer that I will not bore you with, I picked up a couple of interesting looking titles you may want to check out. Up front when I say a book was a good read it means for the reasons I highlight. I am not vouching for the entire political position, religious beliefs, sexual behavior, or or issues any writer may have. I don't really care what their deal is, only if a piece they write offers insight I think is useful. So no messages about "I can't believe you agree with so and so" maybe I do and maybe I don't. See what the material I highlight is saying and that is all.
First up is "Reinventing Collapse" by Dmitry Orlov. This book chronicles the swift collapse of the old Soviet Union and extrapolates that to the USA. Think rapidly increasing trade deficit, crazy blow up of national debt, and public loss of faith in the government and you see many parallels. I am almost done this book, and while the politics are a bit much for me, the financial aspects bear analysis.
Second up is "World Made by Hand" by James Kunstler. This book is a fictional piece set against the technical book by the same author called "The Long Emergency". The end of oil access means many things and it looks like a good read. As a footnote, I have zero position on peak oil and all that so do not get excited.
John Edwards News
I mention the John Edwards affair news here not because of what he did (had an affair with a campaign worker, while his wife is dying of cancer) because I have zero interest in Mr. Edwards' private life. I offer it here in that the mainstream media had full and clear knowledge that he had this affair and chose to pretend otherwise. Democrats get a free pass from the media while Republicans are destroyed over even minuscule silly things (witness Trent Lott's demise due to a stupid comment taken wrong). I am no fan of Republicans, but when the press is so blatantly biased it pays to keep it in mind.
Fannie Mae to Stop Alt-A Loans
Fannie Mae is faced with an Alt-A loan book that is going south quicker than Paris Hilton, and in perfect form of a retard will NOW stop funding those loans. Class act those guys, right on top of things as usual. Hope that housing turnaround works for you in 2009, NOT!
Stock Market Now Adrift on the High Seas of Volatility
You get whiplash with these 250 point plus swing days on the DOW happening almost every day. This kind of wild swinging means nobody knows what the f#ck is going on, and do not listen to anyone that says they do. The markets are now fully unhitched to any real fundamentals (upside or down) and thus should be avoided unless for a real short term trade. Be careful out there and remember Minyanville's fight theme "It is the return OF capital, not the return ON capital" in a market like this.
Friday Night Entertainment
A new site I like for fun is found at http://www.weirduniverse.net/, it is the Weird Universe site. This site rounds up weird (obviously!) news and pictures form all over and present s them to the audience. Good site overall. Today they had a piece on a megaphone out somewhere in Norway that you can call on the telephone and your voice will be broadcast over an empty meadow out in western Norway. Fun stuff, right?: http://www.unsworn.org/telemegaphone/
Funny picture that reminds me of all those "Don't touch that button" lines from the James Bond films:
more cat pictures
Rock and Roll Ain't Noise Pollution
A classic song I really dig is "Break on Through" from The Doors. Great on many levels:
Another classic is Blue Oyster Cult and "Don't Fear the Reaper":
Final tune for the night. Take a listen to Meatloaf (and hot lady friend) and "Paradise by the Dashboard Lights":
Have a good night.